Finance and Property News

The number of Spanish home sales inscribed in the Land Registry rose by five percent in May compared to the same month last year, show the latest figures from the National Institute of Statistics (INE). There were 42,708 Spanish home sales inscribed in the Land...

The Spanish housing market expanded by 7.7% in May, according to the latest data from the Association of Spanish Notaries. There were 51,896 sales in total, including social housing, with resale apartment transactions up 6.7% whilst new flat sales were down 12.7%, and...

New residential mortgage lending increased in April by 22%, a big rebound compared to March, when the growth rate of just 2% was the result of seasonality. The average new loan in April was €133,456, down 3.3% compared to last year. 47.3% of purchases involved...

Foreign buyers were 26% of the market in the Valencian region in the first quarter of the year, with 5,2365 purchases inscribed in the Land Register. As a quarter of the market, foreigners are obviously crucial to the housing market in the region. When you break...

More people are buying second homes in France with the latest report revealing that the biggest group of owners who are non-residents are British and their favourite region is the Rhône-Alpes. Overall the number of foreign buyers who do not live in the country...

The Spanish holiday home market is enjoying its time back in the sun, reports the Spanish daily El Pais. Holiday-home prices are rising, and building sites with cranes dot coasts once again. “Areas with clear signs of recovery in the holiday home market are the...

SPAIN’S property market is the healthiest it’s been for years. And the facts don’t lie, sales in the first quarter of this year were the highest they have been since the third quarter of 2008, the height of Spain’s property golden era. A sign of good times ahead is...

The residential sales market is recovering in Cyprus with official data showing that transactions increased by 29% in May year on year. It means that the Mediterranean island’s property market is seeing sustain growth in the sales of homes with April, March and...

The following residential property price indices were released in May 2017 (all figures show year-on-year percentage change): The Spanish Land Registrars’ Association +9.39% in the first quarter of the year, based on their ‘repeat sale’ methodology that only takes...

12-month Euribor, the base rate used for most mortgages in Spain, came in at -0.188 in May, a fraction higher than the month before, but 48% lower than the same month last year, which is what counts when it comes to annually resetting mortgages. As a result, borrowers...